Geode Capital Management LLC Grows Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Geode Capital Management LLC raised its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,790,433 shares of the company’s stock after acquiring an additional 153 shares during the quarter. Geode Capital Management LLC owned approximately 1.67% of Floor & Decor worth $178,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FND. Louisiana State Employees Retirement System raised its position in shares of Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after purchasing an additional 100 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after acquiring an additional 120 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after acquiring an additional 122 shares during the last quarter. Tidal Investments LLC increased its position in Floor & Decor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after purchasing an additional 130 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in Floor & Decor by 4.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock valued at $296,000 after purchasing an additional 133 shares during the last quarter.

Floor & Decor Trading Up 1.8 %

FND opened at $71.55 on Monday. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $126.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a market capitalization of $7.68 billion, a PE ratio of 37.66, a P/E/G ratio of 19.06 and a beta of 1.86. The firm’s fifty day moving average price is $91.82 and its 200 day moving average price is $101.55.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Evercore ISI reduced their price target on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Finally, Gordon Haskett downgraded shares of Floor & Decor from a “buy” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $103.56.

Floor & Decor Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.